Capital One announced  that it served as lead arranger for a $55 million senior credit facility for the Center for Discovery, a portfolio company of Webster Capital. The facility will be used to refinance an existing loan and to support its national growth and expansion efforts. Center for Discovery offers services for eating disorders, mental health and substance abuse at residential and outpatient settings in 11 states. Cain Brothers, an investment bank specializing in healthcare, served as Center for Discovery’s exclusive financial advisor.
 
“This transaction highlights the depth of Capital One’s expertise in financing behavioral health service providers and particularly in eating disorder treatment,” said Al Aria, senior managing director at Capital One Healthcare. With 29 residential treatment centers, 17 partial hospitalization programs, and intensive outpatient programs, Center for Discovery maintains the largest footprint for eating disorder treatment of adolescents and adults in the nation. “Our business is very specialized,” said Craig Brown, the company’s CEO. “Capital One understood the potential of our unique treatment programs and structured the loan accordingly.”
 
Capital One has longstanding relationships with Center for Discovery as well as with Webster and Cain. “Because the Capital One team has worked closely with us before, they had no trouble meeting our deadline for closing,” said David Malm, co-managing partner at Webster. “We appreciate the certainty of execution they provide.” Founded in 2003, Webster is a leading middle-market private equity firm focused on acquiring companies in niche markets within healthcare services and branded consumer sectors.
 
Capital One Healthcare is a leading provider of financial services to the industry. Customers across healthcare sectors—including senior housing, healthcare services, pharmaceuticals, medical devices, healthcare IT and medical offices—rely on Capital One Healthcare to finance acquisitions, refinance existing debt, support working capital needs and fund growth initiatives. With in-depth expertise, our team of professionals creates solutions tailored to meet the needs of our customers.